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Oman’s first budget airline Salam Air has reportedly revised it launch plans with passenger flights now set to begin on January 30, 2017. The low-cost airline, which had previously announced it would start flights in mid-to-late December, said that its initial route will be Muscat-Salalah with international flights to Dubai International to follow on February 15, ch-aviation reported. In October it was reported that Salam Air would […]
BEIJING China’s economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face “complexity” in the new year. Controlling risks has been a constant refrain in recent months as the focus of policymakers switches to taming asset bubbles and checking unbalanced growth stemming from efforts […]
And there is a red, or more conservative, Israel that thought the secretary of state was delusional and insulting, divorced from the harsh reality of the only real democracy in the Middle East struggling to preserve itself in a hostile neighborhood. Continue reading the main story Just as in the United States, many Israelis cling to their own facts, retreat to their own media outlets, advance their […]
FIFA will continue to “put pressure” on Qatar about the treatment of migrant labourers building World Cup stadiums in the Gulf country for the 2022 tournament, its president has said. The world football governing body in the past admitted it was slow to act over concerns about the abuse of labourers in Qatar. It has since said human rights would be factored in to future World Cup […]
Much has been made in the last several years for the need of the CIO and CMO to align on technology plans, as marketing strategy increasingly must be realized largely or entirely within digital experiences. While the CIO has long owned the overall technology stack inside of the enterprise, the CMO has certainly had a say in it in most organizations since the rise of digital marketing […]
Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. But more than a dozen expected stock offerings of relatively obscure software firms targeting business customers – little-known names such as Apttus, Tintri and Okta – could be just as important in thawing a long-frozen IPO market, according to investment bankers and advisers who work on […]
Oman, traditionally on friendly terms with Iran, confirmed on Thursday that it had joined a Saudi-led coalition of Muslim countries fighting terrorism, a move praised by other Gulf Arab states as closing ranks with them against Iran. Saudi and Gulf sources reported the development on Wednesday, saying Omani Minister for Defence Affairs Badr bin Saud al-Busaidi had informed Saudi Arabia in a letter that it would join […]
Two beauty queens with links to the Gulf have won the latest season of The Amazing Race Asia. After they returned from filming The Amazing Race Asia last summer, Maggie Wilson-Consunji and Parul Shah could barely contain their excitement. “Don’t let our invisible crowns fool you. We are beauty-queen fighting machines,” they told their fans on social media. “We are scared but also super excited. We cannot […]
While you were doing your Christmas shopping, an old-fashioned takeover contest was being fought out in an obscure corner of the stock market. The target was MP Evans Group, one of the very few plantation companies left listed in London. The outcome shows that there are bargains to be found and that some institutional shareholders, at least, will take the long view over the quick buck. Evans […]
UAE-based Azizi Developments on Thursday said it was to press on with plans to launch 50 new developments in 2017, which will comprise residential, commercial and retail space, following talks with Dubai Land Department. The developer said in a statement that it discussed Dubai’s economic situation, the current market conditions and predictions for the upcoming year as well as regulatory changes. Sheikh Mohammed Bin Khalifa Bin Saeed […]
By Sam Forgione | NEW YORK NEW YORK The U.S. dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies. The dollar index .DXY, which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since […]
Getty Images/iStockphoto With 2016 drawing to a close, here is a look at some of the things — tech, as well as a number of industry metrics — that you should be keeping an eye on over the coming year. CES thoughts Before I begin, I want to mention the first big tech shindig of 2017, which will be CES. I pay very little attention to CES […]
Your daily guide to community and cultural activities across the Emirates for December 31, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screenings Catch two film screenings as part of the Cinema Space series. The family-friendly 1970 French musical Donkey Skin (Peau d’Âne), pictured, tells the story of a princess (Catherine Deneuve) who […]
The announcement of new US sanctions against Russia paves the way for a potential showdown between Congress and Donald Trump’s incoming administration over what kind of stance Washington should take against the country in the future. Mr Trump has called for closer ties with Moscow and played down its role in the Ukrainian conflict. But he is likely to face fierce resistance from a bipartisan coalition in […]
Back in September we wrote about what we thought for sure would be the wackiest new state law passed in 2016. The law came from the state of California (of course) and demanded a 40% reduction in methane gas from cow flatulence by 2030. Here’s what we had to say about the bill: In yet another attack on California businesses, yesterday Governor Jerry Brown signed into law […]
Here’s something you don’t hear enough: Journalists, you’re doing a good job. Chances are good that you learned a new skill this year and put it into action. Maybe 2016 was the year you started using Snapchat to tell global stories. Perhaps you figured out how to use GIFs, or augmented your reporting with data. It’s also possible that you unleashed some bots upon the world. In […]
Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. US benchmark West Texas Intermediate (WTI) crude futures slipped 12 cents to $53.62 a barrel by 1400 GMT on Friday, while Brent front-month March crude futures were down 19 […]
Apple Inc (AAPL.O) will trim production of iPhones by about 10 percent in the January-March quarter, the Nikkei financial daily reported, citing calculations based on data from suppliers. The company slashed output by 30 percent in the January-March quarter this year due to accumulated inventory, the Nikkei reported. s.nikkei.com/2hClWTv Apple’s shares were down 0.85 percent in midday trading. The company did not immediately respond to requests for […]
Panama Papers: Panama’s revolving door shows global challenge of offshore reformCaribbean News Now (press release) (blog)One offshore middleman who frequently did business with Mossack Fonseca, the Panama law firm at the centre of the so called Panama Papers documents leak, described how his firm, based in the British Channel Islands, had helped high earners frustrate … and more » (via Google News)
A year ago the coffers at Argentina’s central bank were empty as the country teetered on the brink of a currency crisis. Now banks are scrambling to fly dollars back to the US as their vaults fill to bursting with piles of cash. That would sound like good news for Alfonso Prat-Gay, who as finance minister this week boasted that his tax amnesty had already repatriated $90bn hidden […]
Dubai, UAE, 30 December 2016 Dubai Electricity and Water Authority (DEWA) won the Best Business Award 2016, which is one of the most prestigious business awards in the UK in the field of health and safety. This reflects DEWA’s international position in leadership and excellence, and its efforts, commitment and achievements in the field of health and safety over the last 15 years. HE Saeed Mohammed Al […]
More than 700 people will be tasked with the job of cleaning up parts of Dubai after the New Year’s Eve celebrations, according to Dubai Municipality. The Waste Management Department at Dubai Municipality has prepared a comprehensive plan for the clean-up and removal of waste, news agency WAM reported. The main areas of clean-up will include Burj Khalifa, which becomes the focus of during the New Year […]
Tesla Transport underpins and supports both urban and rural living worldwide. Whether this is just a runaround to get from A to B, a flight to get to a conference or distribution networks for parcels and supplies, companies and the general public require a strong transport infrastructure for cities and businesses to thrive. However, as transport is so ingrained, new and innovative solutions are required to lessen […]
By Yashaswini Swamynathan Wall Street aimed to end 2016 on a positive note, setting up the Dow for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. The markets have shown surprising resilience to major political events, such as Britain’s vote in June to leave the European Union and the election of Donald Trump as U.S. president in November. U.S. stocks, […]
